TTY Biopharm (Taiwan) Market Value
| 4105 Stock | TWD 74.70 0.20 0.27% |
| Symbol | TTY |
TTY Biopharm 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to TTY Biopharm's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of TTY Biopharm.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in TTY Biopharm on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding TTY Biopharm Co or generate 0.0% return on investment in TTY Biopharm over 90 days. TTY Biopharm is related to or competes with Sunfar Computer, Transcend Information, Jetwell Computer, Provision Information, Arima Communications, Fortune Information, and China Times. TTY Biopharm Company Limited, together with its subsidiaries, produces various pharmaceuticals and chemical drugs in Tai... More
TTY Biopharm Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure TTY Biopharm's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess TTY Biopharm Co upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4821 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 2.18 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.8174 |
TTY Biopharm Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TTY Biopharm's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TTY Biopharm's standard deviation. In reality, there are many statistical measures that can use TTY Biopharm historical prices to predict the future TTY Biopharm's volatility.| Risk Adjusted Performance | 0.0352 | |||
| Jensen Alpha | 0.0028 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.1393 |
TTY Biopharm Backtested Returns
At this stage we consider TTY Stock to be very steady. TTY Biopharm owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0784, which indicates the firm had a 0.0784% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for TTY Biopharm Co, which you can use to evaluate the volatility of the company. Please validate TTY Biopharm's Semi Deviation of 0.3419, coefficient of variation of 1742.58, and Risk Adjusted Performance of 0.0352 to confirm if the risk estimate we provide is consistent with the expected return of 0.0354%. TTY Biopharm has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 0.11, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TTY Biopharm's returns are expected to increase less than the market. However, during the bear market, the loss of holding TTY Biopharm is expected to be smaller as well. TTY Biopharm right now has a risk of 0.45%. Please validate TTY Biopharm total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if TTY Biopharm will be following its existing price patterns.
Auto-correlation | 0.20 |
Weak predictability
TTY Biopharm Co has weak predictability. Overlapping area represents the amount of predictability between TTY Biopharm time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of TTY Biopharm price movement. The serial correlation of 0.2 indicates that over 20.0% of current TTY Biopharm price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.86 |
TTY Biopharm lagged returns against current returns
Autocorrelation, which is TTY Biopharm stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting TTY Biopharm's stock expected returns. We can calculate the autocorrelation of TTY Biopharm returns to help us make a trade decision. For example, suppose you find that TTY Biopharm has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
TTY Biopharm regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If TTY Biopharm stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TTY Biopharm stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TTY Biopharm stock over time.
Current vs Lagged Prices |
| Timeline |
TTY Biopharm Lagged Returns
When evaluating TTY Biopharm's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TTY Biopharm stock have on its future price. TTY Biopharm autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, TTY Biopharm autocorrelation shows the relationship between TTY Biopharm stock current value and its past values and can show if there is a momentum factor associated with investing in TTY Biopharm Co.
Regressed Prices |
| Timeline |
Pair Trading with TTY Biopharm
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if TTY Biopharm position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TTY Biopharm will appreciate offsetting losses from the drop in the long position's value.Moving against TTY Stock
| 0.54 | 4746 | Formosa Laboratories | PairCorr |
| 0.45 | 4132 | Golden Biotechnology | PairCorr |
| 0.42 | 6409 | Voltronic Power Tech | PairCorr |
| 0.34 | 5274 | Aspeed Technology | PairCorr |
The ability to find closely correlated positions to TTY Biopharm could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TTY Biopharm when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TTY Biopharm - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TTY Biopharm Co to buy it.
The correlation of TTY Biopharm is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TTY Biopharm moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TTY Biopharm moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for TTY Biopharm can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for TTY Stock Analysis
When running TTY Biopharm's price analysis, check to measure TTY Biopharm's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TTY Biopharm is operating at the current time. Most of TTY Biopharm's value examination focuses on studying past and present price action to predict the probability of TTY Biopharm's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TTY Biopharm's price. Additionally, you may evaluate how the addition of TTY Biopharm to your portfolios can decrease your overall portfolio volatility.